Palo Alto Networks, Inc. (PANW)’s Stock Formed A Several Months Bullish Wedge Up Pattern

February 15, 2018 - By Vivian Park

Investors sentiment increased to 1.16 in Q3 2017. Its up 0.22, from 0.94 in 2017Q2. It improved, as 43 investors sold Palo Alto Networks, Inc. shares while 148 reduced holdings. 63 funds opened positions while 159 raised stakes. 70.19 million shares or 3.76% more from 67.64 million shares in 2017Q2 were reported.
Lpl Lc owns 0.02% invested in Palo Alto Networks, Inc. (NYSE:PANW) for 40,925 shares. Fulton Breakefield Broenniman Lc accumulated 34,328 shares. Oppenheimer Asset Mgmt holds 0.08% in Palo Alto Networks, Inc. (NYSE:PANW) or 22,677 shares. Moreover, Stanley has 1.87% invested in Palo Alto Networks, Inc. (NYSE:PANW). Northwestern Mutual Wealth stated it has 0% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW). Appleton Ptnrs Ma holds 0.5% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 20,605 shares. Koshinski Asset Mgmt holds 0.11% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 2,454 shares. Axa reported 0.07% in Palo Alto Networks, Inc. (NYSE:PANW). Money Management Ltd Liability Company owns 3,440 shares. Assetmark holds 0% of its portfolio in Palo Alto Networks, Inc. (NYSE:PANW) for 445 shares. Winslow Evans And Crocker, a Massachusetts-based fund reported 3,070 shares. Asset Inc accumulated 3,785 shares. Rainier Inv Management Limited Liability accumulated 20,860 shares. Davenport Co Limited reported 0% in Palo Alto Networks, Inc. (NYSE:PANW). Pictet & Cie (Europe) Sa invested 0.22% in Palo Alto Networks, Inc. (NYSE:PANW).

Since September 8, 2017, it had 0 insider buys, and 15 selling transactions for $63.89 million activity. $6.36M worth of Palo Alto Networks, Inc. (NYSE:PANW) was sold by Anderson Mark on Thursday, September 14. $4.44 million worth of stock was sold by ZUK NIR on Tuesday, January 2. $318,000 worth of stock was sold by MERESMAN STANLEY J on Tuesday, January 23. Eschenbach Carl M. also sold $227,920 worth of Palo Alto Networks, Inc. (NYSE:PANW) shares. On Tuesday, October 10 BONVANIE RENE sold $4.09M worth of Palo Alto Networks, Inc. (NYSE:PANW) or 27,248 shares.

The stock of Palo Alto Networks, Inc. (PANW) formed an up wedge with $164.92 target or 3.00 % above today’s $160.12 share price. The 6 months wedge indicates low risk for the $14.71 billion company. If the $164.92 price target is reached, the company will be worth $441.39M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.11% or $1.75 during the last trading session, reaching $160.12. About 820,927 shares traded. Palo Alto Networks, Inc. (NYSE:PANW) has declined 16.31% since February 15, 2017 and is downtrending. It has underperformed by 33.01% the S&P500.

Analysts await Palo Alto Networks, Inc. (NYSE:PANW) to report earnings on February, 27. They expect $-0.21 earnings per share, up 63.79 % or $0.37 from last year’s $-0.58 per share. After $-0.16 actual earnings per share reported by Palo Alto Networks, Inc. for the previous quarter, Wall Street now forecasts 31.25 % negative EPS growth.

Palo Alto Networks, Inc. (NYSE:PANW) Ratings Coverage

Among 52 analysts covering Palo Alto Networks (NYSE:PANW), 42 have Buy rating, 2 Sell and 8 Hold. Therefore 81% are positive. Palo Alto Networks had 185 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 1 by Piper Jaffray. As per Friday, March 3, the company rating was downgraded by Argus Research. Barclays Capital maintained Palo Alto Networks, Inc. (NYSE:PANW) on Tuesday, November 24 with “Overweight” rating. As per Thursday, September 10, the company rating was maintained by Stifel Nicolaus. The company was maintained on Tuesday, November 24 by Topeka Capital Markets. The firm earned “Hold” rating on Thursday, June 1 by Robert W. Baird. The rating was maintained by Barclays Capital on Wednesday, August 31 with “Overweight”. The firm has “Buy” rating given on Thursday, June 1 by Maxim Group. On Wednesday, October 18 the stock rating was maintained by Northland Capital with “Buy”. As per Wednesday, August 31, the company rating was maintained by Nomura.

More notable recent Palo Alto Networks, Inc. (NYSE:PANW) news were published by: Fool.com which released: “Better Buy: Palo Alto Networks, Inc. vs. Check Point Software” on January 21, 2018, also Gurufocus.com with their article: “Frank Sands Buys Loxo Oncology Inc, Palo Alto Networks Inc, Sea, Sells …” published on February 14, 2018, Prnewswire.com published: “Palo Alto Networks to Announce Fiscal Second Quarter 2018 Financial Results on …” on February 02, 2018. More interesting news about Palo Alto Networks, Inc. (NYSE:PANW) were released by: Businesswire.com and their article: “Box and Palo Alto Networks Strengthen Integration to Protect the Extended …” published on February 12, 2018 as well as Fool.com‘s news article titled: “Why Palo Alto Networks, Inc. Stock Climbed 15.9% in 2017” with publication date: January 17, 2018.

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